8,376 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Requisite Capital Management LLC

Requisite Capital Management LLC acquired a new position in The Coca-Cola Company (NYSE:KO) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 8,376 shares of the company’s stock, valued at approximately $494,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KO. Moneta Group Investment Advisors LLC lifted its stake in Coca-Cola by 103,297.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock worth $3,672,479,000 after purchasing an additional 57,678,466 shares in the last quarter. Norges Bank purchased a new stake in Coca-Cola in the 4th quarter worth approximately $2,937,315,000. Morgan Stanley lifted its stake in Coca-Cola by 15.7% in the 4th quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock worth $5,031,669,000 after purchasing an additional 10,722,435 shares in the last quarter. Barclays PLC lifted its stake in Coca-Cola by 164.7% in the 2nd quarter. Barclays PLC now owns 14,430,093 shares of the company’s stock worth $868,981,000 after purchasing an additional 8,979,379 shares in the last quarter. Finally, Capital World Investors lifted its stake in Coca-Cola by 61.4% in the 1st quarter. Capital World Investors now owns 10,764,084 shares of the company’s stock worth $667,373,000 after purchasing an additional 4,095,881 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KO shares. Barclays raised their price objective on shares of Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Finally, Citigroup raised their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

Coca-Cola Stock Down 0.9 %

Coca-Cola stock traded down $0.53 during trading hours on Tuesday, hitting $60.15. The stock had a trading volume of 12,838,232 shares, compared to its average volume of 14,135,731. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average price is $60.13 and its 200-day moving average price is $58.38. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.99. The stock has a market capitalization of $259.32 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 3.47 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. Equities research analysts anticipate that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s payout ratio is 78.23%.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the transaction, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Quincey sold 247,188 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now owns 442,546 shares in the company, valued at $26,968,753.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 375,407 shares of company stock valued at $22,795,742. 0.97% of the stock is currently owned by corporate insiders.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.